Major Direction: ETH Upgrade in Bo57, Betting on June Rate Cut
Currently, all major bloggers across the network are unanimously bearish, and this consensus is a concern.
Current Core Highlights:
1. Meme Coin Rebound: $Trump leads the rally, followed by $pengu, $bonk, $turbo, $pnut.
2. AI Sector Rebound: $ai16z, $aixbt, and other oversold rebounds, with weekly gains covering three months of losses.
3. Solana Chain Hotspots;
$house (real estate hedging project) FDV skyrocketed to 55M+. BONK's new platform #lestbonk FDV dropped from 30M to 10M, beware of short-term FOMO risks.
4. Stablecoin Growth: USDT (14.7 billion), USDC (62 billion) market cap continues to rise, indicating capital inflow.
CEX Operations: $alpaca uses contract rates to settle at -2% in one hour to pump the spot market, creating a short squeeze.
5. Today's Market Outlook:
Macroeconomic bearishness is gradually being digested. The expectation of rate cuts in May-June + policy implementation may drive a market reversal. Looking at the daily chart, Bitcoin and Ethereum are facing daily resistance here. Currently, the A wave upward is nearing its end, and the B wave pullback is the best layout time for everyone. The long profit-loss ratio of 9.5-9.6 is not suitable; it is highly likely to move sideways. Wait for MACD to return to the zero axis and RSI to come back from overbought, then the C wave can rally.
